Principles Of Financial Accounting Documents

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Cha 4 Study Guide 2Problems
1. Ted and Alice were in the process of negotiating a divorce agreement. They own bonds with a
basis of $800,000 and a fair market value of $800,000. They also own common stock with a
basis of $600,000 and a fair market value o

Cha 2 Homework Exercises #2
1. A U.S. District Court is the lowest trial court.
True False
2. The research process should begin with a tax service.
True False
3. Electronic databases are most frequently searched by the keyword approach.
True False
4. The

Cha 6 Study Guide 1True/False
1. Deductions are allowed unless a specific provision in the tax law provides otherwise.
True False
2. Mitch is in the 28% tax bracket. He may receive a different tax benefit for a $2,000
expenditure that is classified as a d

Cha 5 Study Guide 2Multiple Choices
1. The Perfection Tax Service gives employees $12.50 as supper money when they are
required to work overtime, approximately 25 days each year. The supper money received:
A. Must be included in the employees gross income

Cha 1 Study Questions (2)
1. Characteristics of the Fair Tax (i.e., national sales tax) include which, if any, of the
following:
A. Abolition of the Federal individual (but not the corporate) income tax.
B. Abolition of all Federal income taxes but retent

DeSouza 1
Gutie DeSouza
Prof. Engel
Accounting 200
26 January 2015
Podcast 2
I previously listened to the incorrect podcast for the last assignment .
Therefore the podcast I listened to this week was from January 9th. I noticed that it
was much easier to

DeSouza 1
Gutie DeSouza
Accounting 200
Professor Engel
3 February 2015
Podcast 3
The podcasters are getting much easier to understand as I listen to more
podcasts. They first begin speaking about Starbucks and how this company doesnt
stop growing. This is

DeSouza 1
Gutie DeSouza
Accounting 200
Professor Engel
10 February 2015
Podcast 4
The podcasters begin on the topic of Apple. They mentioned that their stocks
are up which was no surprise to me. With the iPhone 6 releasing recently, I believe
iPhones are

DeSouza 1
Gutie DeSouza
Accounting 200
Professor Engel
17 February 2015
Podcast #5
As I listen to the podcasts more and more, I am noticing myself eager to listen
to them because I want to have an idea of whats going on in the business world. I
find mysel

DeSouza 1
Gutierres DeSouza
Accounting 200
Professor Engel
26 February 2015
Podcast #6
The podcasters began speaking about S&P 500 and how they are at an all
time high. I didnt really know what S&P 500 was so I had to look it up. I learned that
S&P 500 st

DeSouza 1
Gutie DeSouza
Dr. Vara Neverow
English 112-60
6 February 2014
Shock Ads
No Cellphones while Driving
The image I chose to represent my shock ad response is an advertisement
that is about being on the cellphone and driving. The image is of a woman

DeSouza 1
Gutierres DeSouza
Professor Kerr
English 217
7 October 2014
The Final Letters of The Color Purple
Throughout the story The Color Purple by Alice Walker, we learn the
hardships and struggles Celie has to go through. We know that Celie and Shug ha

DeSouza1
Gutierres DeSouza
History 111
Prof. Carter-David
21 October 2014
Thoroughly Modern Millie Comparison
Thoroughly Modern Millie, the movie and the musical, both tackled the idea of
racism in the early 20th century. Megan Sanborn Jones wrote an inte

DeSouza 1
Gutierres DeSouza
Professor Neverow
English 112
6 May 2014
Social Media and the Power it Truly has
If we take a look at all our different social media websites, we would be busy
for many hours. There are dozens of different social media websites

DeSouza 1
Gutie DeSouza
Dr. Vara Neverow
English 112-60
13 February 2014
The Man Didnt Even Know
Harvard Runs on its Workers
The narrative I read was very heart touching. It told us about the hard work
and struggles workers at Harvard went through. There

DeSouza 1
Gutierres DeSouza
Professor Russell Engel
Accounting 200
20 January 2015
The podcasters were somewhat difficult to understand because of the
financial terms. However I did understand some of the topics they were talking
about. The podcasters wer

Cha 1 Study Questions (1)
1. Before the Sixteenth Amendment to the Constitution was ratified, there was no valid
Federal income tax on individuals.
True False
2. The first income tax on individuals (after the ratification of the Sixteenth Amendment to
the

Cha 2 Homework Exercises #1
1. Rules of tax law do not include Revenue Rulings and Revenue Procedures.
True False
2. A tax professional need not worry about the relative weight of authority within the various tax
law sources.
True False
3. In recent years

Cha 4 Study Guide 1True/False
1. The realization requirement gives an incentive to own assets that have increased in value and
to sell assets whose value has decreased.
True False
2. A sole proprietorship purchased an asset for $1,000 in 2013 and its valu

Cha 3 Exercises #2
1. Tony, age 15, is claimed as a dependent by his grandmother. During 2013, Tony had interest
income from Boeing Corporation bonds of $1,000 and earnings from a part-time job of $700.
Tonys taxable income is:
A. $1,700.
B. $1,700 $700 $

Cha 3 Exercises#1True/False
1. Under the Federal income tax formula for individuals, a choice must be made between
claiming deductions for AGI and itemized deductions.
True False
2. Under the Federal income tax formula for individuals, the determination o

Cha 5 Study Guide 1True/False
1. For a person who is in the 35% marginal tax bracket, $1,000 of tax-exempt income is
equivalent to $1,350 of income that is subject to tax.
True False
2. John told his nephew, Steve, if you maintain my house when I cannot,

Cha 7 Homework 1True/False
1. James is in the business of debt collection. He purchased a $20,000 account receivable from
Green Corporation for $15,000. During the year, James collected $17,000 in final settlement of
the account. James can take a $2,000 b

Cha 7 Homework 2Multiple Choices
1. Jed is an electrician. Jed and his wife are accrual basis taxpayers and file a joint return. Jed
wired a new house for Alison and billed her $15,000. Alison paid Jed $10,000 and refused to pay
the remainder of the bill,

Cha 6 Study Guide 2Short Answers
1. Graham, a CPA, has submitted a proposal to do the annual audit for a municipality. Owen, the
city treasurer, tells Graham that for a $1,000 fee, he will use his influence to have the audit
awarded to Graham.
What factor

DeSouza 1
Gutierres DeSouza
Professor Engel
Accounting 310
17 November 2015
Podcast
One of the podcasters began talking about online websites such as
Amazon.com and wayfair.com. I agree with him when he says that people are no
longer shopping in stores as